Frequently Asked Questions

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Frequently Asked Questions

Is Ecredit Kenya Microfinance a deposit taking microfinance/bank?
ECredit Kenya Microfinance is not a Deposit Taking organisation. We don’t take deposits.
Whom do you lend to?
We lend to individuals; employees of certain private companies and business people but not to groups.
What is your interest rate per annum
We have flexible rates of interest which are dependent on the duration you choose for your loan.
Is interest on a reducing balance?
Yes, interest is on a reducing balance.
Which form of security do you accept?

We accept Car Logbooks.

How long does it take to process and pay a loan?
Loans are approved within 1HR and approved loans disbursed within 12hrs.
What’s the maximum loan duration?
The maximum loan duration is 12 months.
What is the maximum amount of loan that can be borrowed?
You can borrow up to Kshs. 1,000,000/=
Who is ecredit Ltd?

Ecredit Kenya is a privately owned company that has been offering credit facilities and specialty financing for over 3 years.

We are an alternative lender that has assisted thousands of customers to obtain credit they otherwise were not able to achieve.

ECREDIT limited is a private company licensed in Kenya under the Company’s ACT 2015

How different are you from other lenders?

We are not just another lender. We are there when you need emergency and other financial help.

We avail the cash to you within 12 hours without requiring guarantors or keeping deposits with us.

How soon can i get my loan?

You will get your loan within 12 hours once you have met all the requirements.

How do I get my money once the loan is approved?

We can draw a cheque in your name,  send you via Electronic Funds Transfer (EFT), pay you via Posta Pay or Mpesa.

How do you come up with your interest rates?

Our interest rates are determined by the benefits you get such as: we do not require you to get guarantors or keep any deposit with us.

How do you raise money to lend?

We raise money to lend from the individual investors plus the profits are returned to the business.

Do you offset loans from other institutions?

Yes we do.

Why Choose ECredit Limited?
  1. Very Fast Payout time (within 12 hours)
  2. You can access some loans without Collateral (Security)
  3. Flexible Repayment Periods (Up to 12 months loans)
  4. No early loan settlement fees- you can offset at any time with no penalties